Incline Equity Partners confirms the sale of Canon City, Colorado-based specialty conveyors company Portec Group International to Interoll Group.
Incline Equity, which is based in Pittsburgh, Pennsylvania, is a middle-market private equity firm. Portec Group International, Inc. will be absorbed into the Interoll Group, a multinational manufacturer of equipment in material handling.
Portec's merchandise consists of customized spirals and conveyer turns currently being utilized in manufacturing, airports, postage and parcel, and warehouses.
"Incline's experience and support through a turbulent economic cycle enabled the Company to thrive through all phases of growth," said Portec's Chief Executive Officer Marco Oropeza. "From data analysis and expertise, to enhancing the Board of Directors with key industry veterans, Incline's insights provided valuable resources utilized at every level of the organization."
Incline Equity Partner Justin Bertram said: "The Interroll transaction is a significant milestone for the company that exemplifies the opportunities that are available through proper partnership and seamless execution of strategic initiatives."
Join the Conversation